Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    State Road 426 Oviedo, FL 32765

    • Land
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State Road 426

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel, located in Oviedo, Florida, presents a compelling investment opportunity. The property, identified by APN 29-21-31-501-0000-0140, is zoned MDR (Medium Density Residential) within Seminole County. Its strategic location offers excellent visibility and accessibility, boasting an average daily traffic count of approximately 15,000 vehicles. Access points are conveniently situated on West State Road 426, Security Avenue, and James Drive, ensuring convenient ingress and egress. The asking price has been reduced to $495,000. Given its zoning and high traffic volume, this parcel presents significant potential for a variety of commercial developments, including, but not limited to, office space. The property's location in Oviedo, Florida, 32765, provides easy access to local amenities and a thriving community. This is a rare opportunity to acquire a well-positioned commercial lot in a desirable area with high growth potential. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.2384
    Latitude
    28.6334

    Comparable in this City

    • Value Estimation by Request

      2148 Fl-426

      Land
      2148 Fl-426, Oviedo, FL 32765
      View Details
    • Value Estimation by Request

      0000 Hwy

      Retail properties
      0000 Hwy, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      1.76 Acres

      Chapman Rd

      Land • 1.76 Acres
      0 Chapman Rd, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      6.56 Acres

      Oviedo Blvd

      Land • 6.56 Acres
      0 Oviedo Blvd, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      1.72 Acres

      Remington Dr

      Land • 1.72 Acres
      0 Remington Dr, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      2.40 Acres

      773 Lake Jessup Ave

      Land • 2.40 Acres
      773 Lake Jessup Ave, Oviedo, FL 32765
      View Details

    Similar Nearby for Sale

    • $575,000

      Highway 46 Commercial Land Opportunity

      Prime Oviedo, FL Retail Land - $575,000
      0000 Hwy 46, Oviedo, FL 32765
      View Details
    • $550,000
      0.85 Acres

      Oviedo Office Land - $550K

      Prime Oviedo location, build your office.
      0 Executive Dr, Oviedo, FL 32765
      View Details
    • $1,000,000
      1.76 Acres

      Prime Oviedo Commercial Land

      1.76-acre lot, ideal commercial development
      0 Chapman Rd, Oviedo, FL 32765
      View Details
    • Contact for pricing
      2.40 Acres

      North Grove Retail Pads For Sale

      Prime Retail Land, Build-to-Suit Options
      773 Lake Jessup Ave, Oviedo, FL 32765
      View Details
    • $750,000

      Oviedo Commercial Land - SR 426

      High-traffic location, development potential.
      2148 Fl-426, Oviedo, FL 32765
      View Details
    • $2,500,000
      7.68 Acres

      Oviedo Commercial Land - 7.68 Acres

      Prime Oviedo development land near SR 417. 5+ net developable acres.
      1989 Slavia Rd, Oviedo, FL 32765
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      2,000 SF

      Oviedo Publix Endcap Retail Space

      Prime 2,000 SF Publix-anchored retail space.
      329 County Road 419, Oviedo, FL 32765
      View Details
    • Contact for pricing
      16,023 SF

      Oviedo Office Space For Lease

      1,433 SF Office Suite Available in Oviedo, FL
      1890 County Road 419, Oviedo, FL 32765
      View Details
    • $14 SF/Yr
      3,200 SF

      Oviedo Warehouse/Flex Space Available

      Warehouse/flex space with frontage on SR 426 in Oviedo, FL.
      2462 W State Road 426, Oviedo, FL 32765
      View Details
    • $16 SF/Yr
      1,650 SF

      Office Space For Rent

      Office space available for lease in Oviedo, Florida.
      2100 Alafaya Trl, Oviedo, FL 32765
      View Details
    • Contact for pricing
      20 SF

      Medical Office Development Opportunity

      New Class A medical office space for lease.
      1675 West Broadway St, Oviedo, FL 32765
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Oviedo Power Center

      10,000 SF retail space for lease in Oviedo, Florida.
      1115 Vidina Pl, Oviedo, FL 32765
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    State Road 426
    Oviedo, FL 32765
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.